UltraTech Cement's announcement that it would snap up a controlling stake in India Cements may only be a sign of more to come. In the wake of one of the country's most expensive deals in recent times, cement majors may slug it out to add smaller firms from the region to their portfolio. UltraTech's buy is the latest in the four deals the southern market has seen in less than a year, with Adani Cement being the other buyer.
India's civil nuclear liability regime has raised serious questions about the country's capacity addition programme. In an interview with Sanjay Jog, G R Srinivasan, former vice-chairman of the Atomic Energy Regulatory Board and currently principal associate-nuclear power business in GMR Energy Ltd, says the regime is tremendously unbalanced and may adversely affect the nuclear capacity addition programme.
Beleaguered Board of Control for Cricket in India president N Srinivasan continues to be defiant despite calls for his resignation getting more vocal. On Wednesday afternoon, though he did not say he will not step down, he clarified that he will have no say in the commission appointed to probe his son-in-law Gurunath Meiyappan's role in the IPL spot-fixing and betting episode.
Former IPL commissioner Lalit Modi proposed the name of veteran administrator I S Bindra as a possible successor to N Srinivasan, who has rejected demands for his resignation as BCCI president in the wake of arrest of his son-in-law on charges of betting in IPL.
If the series finally happens, then there are a couple of possibilities -- two Tests and three ODIs or only three Tests with the limited overs series being scheduled at a later date.
N Srinivasan, regarded as the world's most powerful cricket administrator, offered to step down as the Board of Control for Cricket in India on Thursday in the wake of a fixing and betting scandal surrounding the Indian Premier League. Check out the 10 key facts about the veteran administrator.
'With passage of time, Kamal did move away from the humdrum of commercial cinema, using it only as a peg to launch a new concept or new technology, as no other actor/film-maker has done in Indian cinema.' N Sathiya Moorthy assesses the career and politics of movie legend Kamal Haasan on his 70th brthday.
The Supreme Court on Monday slammed the Board of Control for Cricket in India over the spot-fixing scandal in the sixth edition of the Indian Premier League and also questioned the return of Narayanswami Srinivasan as its president.
The Supreme Court has asked Board of Control for Cricket in India (BCCI) president N Srinivasan to step down from his post to ensure a fair probe in the Indian Premier League (IPL) 2013 spot-fixing and betting scandal.
Beleaguered Paytm Payments Bank's managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on Tuesday. Chawla's resignation comes amidst Paytm Payments Bank facing prohibitory action from banking regulator RBI. "Surinder Chawla, managing director and CEO of PPBL, has tendered his resignation on April 8, 2024, on account of personal reasons and to explore better career prospects.
The Supreme Court said purity of cricket has to be maintained and all persons at the helm of its affairs should be above suspicion.
Haresh Pandya speaks exclusively with former BCCI secretary Niranjan Shah a day after N Srinivasan was re-elected unopposed for a third term at the board's 84th Annual General Meeting in Chennai.
He had bailed out N Srinivasan at his most critical juncture but former ICC and BCCI president Jagmohan Dalmiya has been left in the lurch if the various sub-committees formed at BCCI's Annual General Meeting on Sunday is any indication.
Former BCCI president Shashank Manohar has said that the amendment of the BCCI constituition in 2012 regarding president's post was done to ensure that BJP heavyweight Arun Jaitley became board chief in 2014 instead of N Srinivasan going for a second term.
While the calls for Board of Control for Cricket in India president Narayanaswami Srinivasan's resignation get louder by the day, members are split over whether the veteran administrator should continue or go.
The small finance bank model may still be testing the water some 10 years since its launch. According to banking experts, the regulator has taken a cautious approach in granting approvals. Unity Small Finance Bank was the last one to get a licence in the category in November 2021.
In view of this development, do you think Srinivasan should attend the Board's Committee Meeting scheduled for August 2? Tell us!
Chief Election Commissioner James Michael Lyngdoh, i-flex solutions Ltd chief Rajesh Hukku, and TVS Motor chief executive Venu Srinivasan have figured among the top 25 'Stars of Asia' chosen by the prestigious Business Week magazine.
Firmly maintaining that his "conscience is clear", new ICC chairman Narayanaswmi Srinivasan said he has "done nothing to tarnish the image of the game" and will speak out once the Probe Committee, headed by Justice (retd) Mukul Mudgal, tables its final IPL spot-fixing report.
'Usually, we are always worried that we are missing out something in life.' 'We are very keen for the audience to have this as a cinema experience in theatres.' 'You get the rare chance to be patient.'
Sridhar Vembu, Zoho Corp's chief executive officer (CEO), said on Tuesday a report that he financially abandoned his wife and son is "complete fiction". An article in Forbes magazine alleged Vembu, founder of the Indian SaaS company, had abandoned his wife Pramila Srinivasan and their special needs son in the US in 2020. Srinivasan and Vembu are fighting a divorce case in California.
The new stand at the iconic M A Chidambaram stadium in Chennai, which has been named after former Tamil Nadu Chief Minister M Karunanidhi, was opened on Friday.
India is expected to contribute 15 per cent to the global growth in 2023, an International Monetary Fund (IMF) official said on Tuesday. "Both India and China are expected to contribute 50 per cent of the global growth in the upcoming year (2023). "However, the share of India's contribution to global growth is expected to be around 15 per cent," Krishna Srinivasan, director, Asia and Pacific Department (APD) at IMF said at a roundtable with reporters from south Asian countries.
India's largest asset manager SBI Funds Management on Tuesday said they are negative on equities from a shorter-term perspective as valuations have risen above the comfort zone. "We are not positive on equities. We think valuations are expensive. "The market has gone up a lot more than the earnings have grown," said R Srinivasan, Chief Investment Officer (CIO) - Equity at SBI Mutual Fund, at the launch of asset management companies' (AMC) yearly report on the market outlook.
The National Payments Corporation of India on Thursday granted approval to Paytm-owner One97 Communications Ltd to participate in UPI as a Third-Party Application Provider (TPAP) under the multi-bank model. Axis Bank, HDFC Bank, State Bank of India, and YES Bank will act as Payment System Provider (PSP) banks to Paytm.
Ashwin's unconventional decision-making takes centre stage in the TNPL.
It has been a decade since Shyam Srinivasan took over as managing director and chief executive officer at Federal Bank. He wants to ramp up the bank's unsecured lending going ahead even as it homes into the space vacated by competition. Reappointed for a fresh three-year term as the bank's helmsman, he spoke to Hamsini Karthik on the plot ahead.
Putting a spanner on Narayanaswami Srinivasan's bid to get reinstated as president of the Board of Control for Cricket in India, the Supreme Court on Monday said it will look into the 'conflict of interest' issue arising from him being head of the board and owning an IPL team whose official was found to be involved in betting.
BCCI president N Srinivasan is under pressure to quit. After the Supreme Court castigated him for his continuance in office on Tuesday morning, former cricketers and administrators are also demanding his resignation.
As many as 80-85 per cent Paytm wallet users will not face any disruption because of regulatory actions, and the remaining users have been advised to link their apps to other banks, RBI Governor Shaktikanta Das said on Wednesday. The Reserve Bank of India on January 31 barred Paytm Payments Bank Ltd (PPBL) from accepting deposits, credit transactions, or top-ups in any customer accounts.
Cricket Association of Bihar secretary Aditya Verma discusses with Harish Kotian the Supreme Court's suggestion that N Srinivasan step down as BCCI chief to facilitate a fair probe into the IPL betting and spot-fixing scandal.
The bottom lines of several private sector banks have taken a hit following the recent guidelines released by the Reserve Bank of India (RBI) on alternate investment fund (AIF) investments. Last month, the RBI announced that regulated entities, such as banks, non-bank lenders, and home financiers, cannot invest in AIFs that have directly or indirectly invested in companies that have borrowed money from the lenders. In case an entity had already made such an investment, they must liquidate the investment or make 100 per cent provision, RBI had said.
Former Board of Control for Cricket in president Narayanswami Srinivasan suffered another jolt on Tuesday as one of his closest confidantes, Sanjay Patel, was stripped of his primary membership by the Baroda Cricket Association on allegations of financial irregularities.
A definitive guide to the movers and shakers who sit at the helm of the Asian sports boom.
Credit outstanding to the housing sector rose by nearly Rs 10 lakh crore in the last two fiscals to reach a record Rs 27.23 lakh crore in March this year, according to RBI's data on 'Sectoral Deployment of Bank Credit'. Experts from banking and real estate sectors attributed this growth in housing credit outstanding to a strong revival in the residential property market post-COVID pandemic on pent-up demand. According to the data of the Reserve Bank of India (RBI) on sectoral deployment of bank credit for March 2024, the credit outstanding to the housing (including priority sector housing') stood at Rs 27,22,720 crore in March 2024, up from Rs 19,88,532 crore in March 2023, and Rs 17,26,697 crore in March 2022.
24 hours before campaigning ends in Thiruvanathapuram, Archana Masih/Rediff.com discovers Shashi Tharoor and his BJP rival Rajeev Chandrasekhar are busy getting their message across to voters.
An update on anti-corruption measures and the progress report of Bangladesh's preparedness for next year's World Twenty20 will be top of the agenda when the International Cricket Council's Board gathers in London for a two-day meet starting Saturday.
Foreign portfolio investors' (FPIs') net investment in the domestic debt market in October was the third highest during the current calendar year as foreign investors rushed to lock in higher returns amid global uncertainty and geo-political tensions, market participants said. FPI inflows in debt stood at Rs 6, 322 crore in October against Rs 768 crore in September, according to data on the National Securities Depository Limited (NSDL). Market participants said that the majority of the inflows were channelled through corporate bonds.
At least 10 Indian-Americans, almost all of them Democrats, have won local and state level elections held in several parts of the country, reflecting the growing political empowerment of the ethnic community that constitutes a little over one percent of the United States' population.
The primary market will see a flurry of activity in March, with at least three companies including Gopal Snacks will float their initial public offerings (IPOs) in the upcoming week to raise Rs 1,325 crore collectively. The other two companies which are set to launch their maiden public issues are -- RK Swamy and JG Chemicals. Additionally, Bengaluru-based luxury furniture brand Stanley Lifestyles and Krystal Integrated Services are expected to float their initial share-sales later this month, according to merchant bankers.
